“Seeking Alpha” contributor S. Michael Mandala featured Newtek Business Services (NEWT) in yesterday’s article, Newtek Business Services Growing Market Share Will Push This Stock To New Heights. Mandala suggests the company stock is appealing as, “Growing revenues and an attractive valuation should result in shares climbing 50% by the end of the year in spite of an ambiguous economic environment.”
Mandala goes on to discuss Newtek’s products and services, including its proprietary Newtek Advantage “a mobile, real-time operating platform, which enables its clients to remotely manage vital business functions via smartphones and tablet computers.” The writer also discusses Newtek’s effective growth model.
Newtek CEO Barry Sloane shared with Mandala, “Without any more overhead expenses, we are set up to handle $1 billion in revenues and assets.”
The writer concludes, “With approximately $167 million of managed assets on its balance sheet, Newtek’s scalability and operating leverage is at the pinnacle compared to its peers,” all of which points to a very promising future.